M&A Deal Summary |
|
|---|---|
| Date | 2011-07-05 |
| Target | Travelex Global Business Payments |
| Sector | Financial Services |
| Buyer(s) | Western Union |
| Sellers(s) | Travelex |
| Deal Type | Divestiture |
| Deal Value | 606M GBP |
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| Category | Company |
|---|---|
| Founded | 1851 |
| Sector | Financial Services |
| Employees | 9,000 |
| Revenue | 4.4B USD (2023) |
Western Union is a financial services company that provides people and businesses with fast, reliable and convenient ways to send money and make payments around the world. Western Union's consumer-to-consumer money transfer service enables people to send money around the world, usually within minutes. Western Union also provides consumers with flexible and convenient options for making one-time or recurring payments in our consumer-to-business segment. This segment consists of United States bill payments, Pago Fácil (bill payments in Argentina), and international bill payments. Western Union's business solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. Western Union was founded in 1851 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Financial Services) | 4 of 4 |
| Type (Divestiture) | 1 of 1 |
| Country (United Kingdom) | 1 of 1 |
| Year (2011) | 2 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-06-01 |
Finint S.r.l.
Milan, Italy Finint S.r.l. is a money transfer network agent in Europe. Finint manages more than 10,000 subagent locations across Italy, Spain, and the United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-09 |
Speedpay
United States Speedpay, Inc. provides electronic bill presentment and payment solutions to a variety of business sectors in the U.S., including utilities, auto finance, mortgage, consumer finance, insurance, telecommunications, and government finance. |
Sell | $750M |
| Category | Company |
|---|---|
| Founded | 1976 |
| Sector | Financial Services |
| Revenue | 740M GBP (2010) |
Travelex is a specialist provider of foreign exchange and international business payments. The Group processes £20 billion of foreign exchange transactions every year. The Group’s consumer focused operations provide cash and pre-paid cards to over 30 million retail customers each year through a network of close to 1,000 stores and over 500 ATMs spread across 24 countries. Travelex was founded in 1976 and is based in London, United Kingdom
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Financial Services) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| Country (United Kingdom) | 2 of 2 |
| Year (2011) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-12-09 |
Access Prepaid Worldwide
Peterborough, United Kingdom Access Prepaid Worldwide Ltd. - Travelex's prepaid card business focuses on travelers that use plastic instead of travelers checks. But MasterCard hopes to expand the business to offer cards to consumers in emerging markets that do not have bank accounts and therefore cannot use credit or debit cards. |
Sell | $459M |
